Binance Coin / Dollar may rise to 719.5 - 725.7

Our pivot point stands at 695.3.

Our preference

As long as 695.3 is support look for 725.7.

Alternative scenario

Below 695.3, expect 684.9 and 678.7.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (707) but above its 50 period moving average (702.7).

Supports and resistances

738.2 **

732.0 *

725.7 **

719.5

706.8 last

699.4

695.3 **

684.9 *

678.7 **

Number of asterisks represents the strength of support and resistance levels.